Please use data table to calculate Gliss’s operating income for 2019, Eagle Tiles is a small distributor of marble tiles. Eagle identifies its three major activities and cost pools as ordering, receivingand storage, and shipping, and it reports the following details for 2019:(Click the icon to view the details.)For 2019 Eaglebuys 220,000marble tiles at an average cost of $4per tile and sells them to retailers at an average price of $6pertile. Assume Eaglehas no fixed costs and no inventories.Requirement 1. Calculate Eagle's operating income for 2019.RevenuesCosts:Purchase cost of tilesOrdering costsReceiving and storageShippingTotal costsOperating incomeRequirements1.2.Calculate Eagle's operating income for 2019.For 2020, retailers are demanding a 4% discount off the 2019 price. Eagle's suppliers are onlywilling to give a 3% discount. Eagle expects to sell the same quantity of marble tiles in 2020 asin 2019. If all other costs and cost-driver information remain the same, calculate Eagle'soperating income for 2020.3. Suppose further that Eagle decides to make changes in its ordering and receiving-and-storingpractices. By placing long-run orders with its key suppliers, Eagle expects to reduce thenumber of orders to 600 and the cost per order to $40 per order. By redesigning the layout ofthe warehouse and reconfiguring the crates in which the marble tiles are moved, Eagleexpects to reduce the number of loads moved to 3,425 and the cost per load moved to $48.Will Eagle achieve its target operating income of $0.41 per tile in 2020? Show yourcalculations.Data table-✗ActivityCost DriverQuantity ofCost DriverCost per Unit ofCost DriverPlacing and paying for orders of marble1. tilesNumber of orders900$80 per order2. Receiving and storageLoads moved4,300$50 per loadNumber of-

Eagle Tiles Operating Income Calculation for 2019Given Data for 2019:Marble tiles bought: 220,000…

Answered: Please use data table to calculate…

Business

Accounting

Please use data table to calculate Gliss’s oper

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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